Shiba Inu Breaks Key Barrier, But Exchange Activity Raises Red Flags

Shiba Inu has finally broken above one of its most persistent technical barriers, strengthening its recovery structure on the daily chart.

The token's recent gain lifted it above its long-term moving average of around $0.00000560, which had repeatedly thwarted attempts at recovery since August.

However, exchange activity poses a risk with a current value of about $533.2 million in Shiba Inu's exchange reserve, nearly at the $534 million mark and up 0.22% in the last 24 hours to approximately 87.7 trillion SHIB.

A positive netflow of roughly 191.1 billion SHIB indicates that more tokens are moving onto trading platforms than are leaving them, increasing the readily accessible supply just as Shiba Inu is attempting to sustain a significant breakout.